Did They Hurt Growth? A Synthetic Control Estimate of the Impact of 'Bachelet’s Reforms'


This paper uses the synthetic control method to estimate the short-term impact on GDP of the reforms implemented between 2014 and 2017 in Chile by the government of President Michelle Bachelet. I find a cumulative fall by the end of 2017 of 13% relative to the synthetic counterfactual. This result is robust to the use of a donor pool that includes economies for which primary commodities are relevant, as well as one that only includes OECD countries.

Ercio Munoz
Ph.D. Candidate

My research interests include applied econometrics, political economy, and socioeconomic inequality.